Truworths flags revenue and profit growth, but civil unrest bites

Fashion retailer Truworth says load-shedding, civil unrest and supply-chain disruptions weighed on trading in the first half of its 2022 year, when sales rose 2% to R9.9bn.

The owner of brands such as Young Designers Emporium and Identity said, however, that it expects earnings to rise above pre-pandemic levels in the 26 weeks to December 26. In a trading update the group said it is eyeing headline earnings per share of as much as 455c, which would be an increase of just over a third year on year, and almost a quarter above pre-pandemic levels...

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Truworths flags revenue and profit growth, but civil unrest bitesGroup sales rose 2.2% to R9.9bn in the half-year to December 26, with civil unrest, load-shedding and supply issues affecting trading You have to Stand Up for yourself, No one is gonna be with you on the way to Success because the path of Success is very hard and only few can go over it. I earned over R350,000 thanks to Lisaberry76
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